Norman Park, Brisbane, QLD

Norman Park is a highly sought-after suburb located 4 km east of the Brisbane CBD. Known for its leafy streets, elevated properties with stunning city views, and proximity to the Brisbane River, Norman Park appeals to families, professionals, and investors. With a blend of heritage homes and modern developments, it offers a mix of suburban tranquillity and urban convenience.

Property Market Overview

Norman Park offers a diverse range of property options including classic Queensland and Colonial-style homes as well as contemporary free-standing houses with open-plan living and luxury finishes appealing to families and professionals. For those seeking lower-maintenance living, the suburb offers a selection of townhouses and boutique apartment complexes. These are popular with young professionals and downsizers, providing easy access to amenities and public transport.

Norman Park also boasts a number of premium properties located along or near the Brisbane River. These homes often feature luxury designs and expansive views, making them highly desirable for high-end buyers.

Median Property Prices

• Houses: The median price for houses in Norman Park is approximately $1.45m reflecting its status as an in-demand, inner-city suburb (September 2024).

• Units and Townhouses: The median price for units and apartments is around $772,500 offering an affordable entry point for first-time buyers and investors (September 2024).

Rental Market

• Demand and Yields: The rental market in Norman Park remains strong, driven by its proximity to the CBD and access to public transport options. Yields are solid, particularly for houses and townhouses, with a rental yield of 3.2% & 4.5% respectively (September 2024).

• Median Rents: The median rent for houses is around $800 per week, while units and apartments typically rent for $575 per week, making it a popular suburb for renters (September 2024).

Lifestyle and Amenities
Norman Park offers residents a relaxed suburban lifestyle with easy access to local cafes, parks, and shopping precincts. It is close to larger shopping hubs like Oxford Street in Bulimba and Westfield Carindale, providing residents with dining, entertainment, and retail options. Public transport is well-serviced with buses, trains, and ferry terminals nearby, ensuring quick access to the CBD.

Schools and Education
Norman Park is popular among families due to its excellent schooling options. The suburb is home to Norman Park State School and Lourdes Hill College, with proximity to Anglican Church Grammar School (Churchie) and other elite private schools in the surrounding suburbs.

Recreation and Leisure
The suburb offers an abundance of recreational spaces, including Norman Creek and several local parks. Residents can enjoy outdoor activities like cycling and walking along the riverside, while nearby Mowbray Park provides ferry access to Brisbane's city center. The close proximity to the river and parklands enhances the appeal for families and nature lovers.

Future Prospects
The Norman Park property market is expected to remain strong, with continued interest from families and professionals looking for a lifestyle suburb close to the CBD. With its mix of heritage charm, contemporary homes, and proximity to the river, Norman Park will continue to attract buyers seeking a blend of tranquility and convenience. Ongoing gentrification and limited land availability are likely to support future capital growth.